PRECIOUS METALS

Liontown unveils Sumitomo support for lithium project

Lithium developer Liontown Resources has announced support for its Kathleen Valley project in the forms of a non-binding supply chain agreement with Japan’s Sumitomo Corporation and potential funding of up to A$300 million from three export credit agencies.

 Liontown Resources MD and CEO Tony Ottaviano in front of the primary crusher under construction at Kathleen Valley

Liontown Resources MD and CEO Tony Ottaviano in front of the primary crusher under construction at Kathleen Valley

The funding would address the supply gap identified in January, when Liontown revealed a 64% cost blowout from an estimated $545 million to $895 million for Kathleen Valley, due to inflationary pressures...

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